JP\/11\/J06<\/p>\n
Canadian firm to invest US$5b in fish-processing<\/p>\n
The Jakarta Post
\nJakarta<\/p>\n
A Canadian company is ready to invest some US$5 billion for the
\ndevelopment of a fish-processing business in Indonesia, an
\nofficial said on Sunday.<\/p>\n
Soempeno Putro, a senior official of the Marine and Fishery
\nMinistry, said in Bogor, West Java, that a Canadian company which
\nhas joined the Chianti Group would develop a squid and shrimp-
\nprocessing business as "ready to eat food" in Indonesia.<\/p>\n
"Next week, they (investors) will come to Indonesia to follow
\nup on their plan to invest here," Soempeno said as quoted by
\nAntara.<\/p>\n
In addition, such demand for "ready to eat food" with squid
\nand shrimp as its ingredient is big in Canada, while the
\ncountry's capability to meet the demand was limited because of a
\nshortage of raw material.<\/p>\n
Therefore, he said, the Canadian company would forge a
\ncooperation with some local shrimp-processing industries,
\nrespectively in Bangka, Bangka-Belitung province and Ambon in
\nMaluku province.<\/p>\n
Soempeno who was also a former Indonesian attache for
\nagriculture at the Indonesian embassy in Belgium, said that more
\ncompanies in other countries such as the Netherlands and France
\nhad also expressed their readiness to invest in Indonesia's
\nfishery sector.<\/p>\n
China has already made an investment of about US$630 million
\nfor the development of supporting fishery facilities and cold
\nstorage in Indonesia.<\/p>\n
"To this point, they (investors) only asked for a guarantee of
\nsecurity and political stability in the country," he said.<\/p>\n
Soempeno further said that if Indonesia could at least attract
\nmore investors from European countries, it would certainly reduce
\nobstacles in the export of fish products to the region.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/jp11j06-1447899208",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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